What is Filecoin project?

Filecoin is a decentralized protocol which enables anyone to rent out spare storage space on their computer. Likewise, anyone can buy storage on the network.

By allowing anyone in the world to join the network, it can create a huge source of data storage. As more and more systems become computerized, it will be needed to satisfy the increase in demand. It is being created by Protocol Labs, spearheaded by Juan Benet, a computer scientist and engineer.

What is FIL token and what it is for?

The cryptocurrency FIL is the underlying token that powers the Filecoin network. It is used to pay for data storage, data retrieval and any other transactions that may occur within the network.

Filecoin (FIL) serves as the native asset to the Filecoin blockchain which form the core of the Filecoin project. Economic incentives and disincentives are baked into the blockchain to produce the optimal number of storage and retrieval miners providing honest service to clients. The FIL supply is capped at 2 billion and will be released through block rewards over the subsequent decades.

Is now the good time to invest Filecoin(FIL)?

The infrastructure of the IPFS protocol layer is the distributed storage data centers, commonly known as a “mine”. This kind of distributed storage data center is actually aimed at the operators & service providers of the traditional IDC, such as Amazon, Alibaba Cloud, etc. The storage competition in the future is mainly on the storage cost, and the core is IPFS technology. The market for blockchain + storage + server hardware will be immeasurable.

Filecoin is the first and only distributed storage project implemented in the blockchain field as an important part of Web 3.0. As its only official incentive token, FIL will also have great value. The total circulating supply of FIL is 2 billion, and there is a destruction mechanism in its economic model. As more traditional IDC service providers enter the market, more tokens will be destroyed, and the price of FIL will only get higher.

What is Filet?

Filet is a decentralized mining protocol deployed on the Filecoin, BSC, HECO and Mixin network. Filet efficiently tokenizes Filecoin mining power and offers FIL holders risk-free and high-growth FIL staking services via DeFi. The annualized FIL return is about 24%. Filet is backed by TopBlocks, which is one of the largest Filecoin mining pools in North America.

How does Filet work?

Considering the high barrier that is turning ordinary investors away and the problem of token staking, Filet launched to connect global high-quality mining service providers with ordinary investors, so that mining service providers can gather the idle FIL from the market. Investors can use the FIL they have for mining.

Filet is playing the role of collecting the idle FIL in the hands of ordinary investors and providing them to mining service providers as the tokens for staking in Filecoin, and at the same time distributing mining power to ordinary investors, so that they can also participate in Filecoin mining. With the help of Filet, mining service providers can expand the scale of mining with idle FIL in the market, and users can join Filecoin mining without any additional investment.

Why choose Filet to mine Filecoin(FIL)?

As a unique decentralized storage system, Filecoin has taken advantage of the growing popularity of cloud computing platforms and created an open market for storage. The protocol is highly bankable at the moment, thanks to its decentralized data storage marketplace that makes the web more secure and efficient.

Regular FIL users can get a piece of the pie by participating in Filecoin mining through Filet’s decentralized cloud mining platform for a risk-free, high return, and low barrier experience. Moreover, Filet also opens doors for regular investors to seize the dividends of Filecoin.

How can Filet secure my FIL assets?

Filet has been running since May 2021, and the product is stable without any problems.

Filet was deployed on blockchain so that its assets are open and transparent. At the same time, Filet has been double-audited and certified by Certik, which can ensure the safety of users' assets. In addition, the Filet project has open source, which can also ensure the safety and reliability of the product.

How to join Filecoin mining via Filet?

For FIL holders who have native FIL, he can participate Filet via HiWallet. Download the digital wallet and find Filet app in it.

Download HiWallet via www.hiwallet.org

For FIL holders who store FIL token on BNB chain(Binance smart chain) or HECO(Huobi eco chain), he can use any digital wallets that support one of these two chains and then visit app.filet.finance.

With Metamask set up on the computer, FIL holders can also participate in Filet via desktop.

What is TopBlocks?

In June 2020, TOP Network injected $1.5 million into TopBlocks. TopBlocks consists of three major businesses — TopBlocks mining(IPFS), TopBlocks Studio, and TOP supernodes, covering IPFS mining, blockchain game, etc. All the mining power and servers of TopBlocks have been located in Silicon Valley of the United States, completely avoiding policy risks.

What service does TopBlocks provide?

Starting from Filecoin, TopBlocks has been intensively working in the field of mining power for more than a year, providing many miners with professional computing power-related services with high cost-effectiveness, and has achieved excellent results. Especially in the field of Filecoin mining power, TopBlocks has formed a fairly mature and stable mining system, which can provide various and highly efficient mining equipment and services for different miners.

Why choose TopBlocks’s mining machine?

The mining machine of TopBlocks is stable, safe and very cost-efficient.
A. TopBlocks’s data center is located in Silicon Valley of the United States, which completely avoids policy risks.
B. The demand for data retrieval and storage in the Silicon Valley of the United States is far greater than that of any region in the world, and there is huge potential in the future. In another word, you will get more mining return in this place.
C. The 5A-level IDC computer room, 99.99% SLA and dual-circuit uninterruptible power system also ensure the stability of TopBlocks data center to the greatest extent.
D. The performance of TopBlocks’ mining machines is quite amazing. The 30-day lucky value has reached more than 110% for a long time. Compared with the lucky value of about 98% of other manufacturers, it is equivalent to earning more than 10% more income for users.